Multiple Choice
Which of the following advantages is most likely to be enjoyed by a company as a part of the first-mover advantages?
A) increasing returns to specialization
B) positive-sum game due to lack of competition
C) ability to capture scale economies ahead of later entrants
D) absolute advantage and higher efficiency
E) ability to specialize in the production of a particular product
Correct Answer:

Verified
Correct Answer:
Verified
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